Cyient Limited has announced a buyback of up to 6,400,000 fully paid-up equity shares, representing up to 5.76% of its total paid-up equity share capital. The buyback, approved by the Board of Directors and shareholders, will be conducted at a price of INR 1,125 per share. The aggregate amount for the buyback is capped at INR 7,200,000,000, with a record date set for June 17, 2026. This tender offer is being executed in compliance with Indian regulations.
Cyient Limited Announces Equity Share Buyback
Cyient Limited has made a significant announcement regarding a buyback of its equity shares. This initiative, approved by the Company’s Board of Directors on April 23, 2026, and subsequently by shareholders via a special resolution through postal ballot on June 10, 2026, aims to return value to its shareholders.
Key Details of the Buyback
The buyback program involves up to 6,400,000 fully paid-up equity shares of face value of INR 5 each. This represents approximately 5.76% of the Company’s existing total paid-up Equity Share capital. The buyback will be conducted at a price of INR 1,125 per equity share. The total aggregate amount payable by the Company for this buyback will not exceed INR 7,200,000,000 (Indian Rupees seven billion and two hundred million only).
Eligibility and Timeline
The buyback will be undertaken through the ‘Tender Offer’ route. Eligible shareholders as on Wednesday, June 17, 2026, designated as the “Record Date,” will be able to participate. The buyback will be executed on a proportionate basis, with a reservation for small shareholders.
Public Announcement and Information Dissemination
A public announcement regarding the buyback was published on Friday, June 12, 2026, in national and regional daily newspapers in India, as well as in The Washington Post in the United States. Further details of the buyback are available on the Company’s website (www.cyient.com) and the websites of the Manager to the Buyback and stock exchanges. A detailed letter of offer will be dispatched to shareholders as of the Record Date.
Statement Regarding Buyback Commencement
It is important to note that the anticipated buyback discussed in this press release has not yet commenced. This announcement is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell securities. Any offer to purchase or solicitation of an offer to sell will be made pursuant to a formal letter of offer and other related documents.
Related link: https://www.cyient.com/investors/financial-information
Source: BSE
